Price Prediction: Will Investors See $12 Again?
Bullish indices suggest that Polkadot price is certainly on the path to recovery. As a result, it could continue to rise. Over the past few weeks, DOT has generated a bullish reversal pattern. The latter even suggested a potential rally of 31%. So, the price target for the crypto is $12.
Although the DOT failed to achieve this goal in the previous hike, it could achieve it this time around. This, on condition of crossing the resistance levels marked at $10 and $11.
These prices could act as a barrier to Polkadot’s rise. If DOT fails to break through these resistances, it could move back down to the $9.2 support. And if the asset fails to break through these resistances, it could fall back to the support floor of $9.2. Losing this level would then negate the bullish thesis, leading to a decline to $8.
